When we formed our first company, about 10 years ago, we chose an LLC format and that has worked out fine. We carry umbrella liability on the LLC and each property is added to the policy as they are purchased.

Base...

Hello everyone , I'm from Oklahoma City I'm planning on getting into wholesaling. I was reading couple of BP post and notice that wholesaling is not legal everywhere. Where do I need to go to find out if it's legal in...

Well... San Francisco is at it again! Apparently, according to this news article, there are a number of people backing a “Stop the Flip” proposal that will appear on the November ballot that could create a 25% tax for...

Good Evening,I recently sold my first property and am trying to rough out some numbers to execute a BRRR strategy with the proceeds. At this time, I am looking at two different multi-family properties in the Cleveland...

Here's the situation: I bought a 16-unit complex in Fresno in May. It's in a bad neighborhood and I knew it would take a lot of work so I hired a property management company. Normally I manage my own properties, but I...

Hello everybody, I posted here before about the property I was working on. The closing was supposed to be on Aug 3rd, 2015. As usual with REO's, that day came and went. We were waiting for the indemnity agreement and ...

Hello everyone. I was hoping I could find an answer to my question by reviewing prior posts, but so far no luck, so I figured I would just go ahead and ask.I have a tenant who left a pig sty upon his departure. The pr...

I came across this article in my email about a large amount of leftover foreclosures from 2011 and 2012 that lenders are starting to get out of litigation with HOA's and getting around state laws.  Has anyone in the V...

Hi. We are the buyers. We went to sign contracts with the lawyer and the sellers tried to pull a shady move. They wrote in the contract that theywill not credit us the $500 for property condition. They wrote that is w...

I currently own a single family home in Dallas, TX.  It is located in a popular area near downtown Dallas.  We have owned it for 11 years, and it is currently being rented by the same tenant for the past 6 years.  Whe...